NFTs are dead | CryptoKaleo on Binance Square

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NFTs are dead

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Bitcoin is never going under $100K again.

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$RIOT is also gonna print next week Everything is starting to fall together

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#Bitcoin / $BTC ARE YOU A BULLIEVER YET??

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Loudio is at a $2.1M mcap and generated $444K fees it’s about to distribute to the top 25 participants from the week 1 kaito leaderboard. What could have been done better? I think they proved the value of “AttentionFi” with the way they dominated the leaderboard leading up to the TGE. What I think needs to be done moving forward for them or any projects looking to capitalize on this meta is having a source of revenue for the leaderboard that’s derived outside of trading fees from the underlying token. Trading fees have proven to be extractive in the past, and in this case showed that even with an added incentive at the top - it’s still difficult to carry by itself. The other option @stayloudio could take is more synergies with outside projects that are available to those outside of the top 25. A reward based system that concentrated at the top drives a lot of attention for a few, but it loses the attention of everyone outside of that group. Overall I still think the success of the experiment is showing what works and what doesn’t. I don’t think it dies after this. Definitely think there’s valuable info that can be taken from the experiment for not them and anyone who is looking to build on the idea for their project moving forward.

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If you’re struggling watching prices start to go up because you feel sidelined and like you’ve missed your chance - you’re wrong. One of the beautiful things about this space is that there are ALWAYS new opportunities. Whether it’s examples from the past couple of years like what we saw in the FriendTech / Arena craze with SoFi. Or whether it’s all of the opportunities we’ve seen come from Kaito on a seemingly weekly basis. Even opportunities like loudio where the price didn’t skyrocket but still gave multiples for everyone who bought the IAO. Or what’s been happening recently with virtuals. The list just keeps going. Point being most of these things almost appeared out of nowhere. If you’re active and you’re working hard enough and continue to just show up, odds are you’ll have the chance to stumble upon more of these as the market accelerates. Don’t beat yourself up because you’re not where you want to be. Work harder.

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